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☆ Meet the leaders of the Trump era's new conservative economic populism
▼ + stars: | 2024-05-22 | by ( Eamon Javers | ) www.cnbc.com time to read: +9 min

Drew Angerer | Getty ImagesThis reported column is Part Two of Eamon Javers' two-part series on the new, conservative economic populism gaining ground among Republicans close to former President Donald Trump. In Part One, Javers introduces readers to the new, conservative economic populism gaining ground among Republicans close to former President Donald Trump. Senator Republican Marco Rubio gives a speech at the Conservative Political Action Conference (CPAC) in Orlando, Florida, February 25, 2022. Cass counts among his allies several well respected conservative economic thinkers. "It's economic policy that emerges not from good economics, but from politics and the culture war and what your base wants," he said.

Persons: Vance, Sen, Josh Hawley, Drew Angerer, Eamon Javers, Donald Trump, Javers, WASHINGTON —, Trump, Sohrab Ahmari, Ahmari, Donald Trump's, –, We've, Oren Cass, —, Marco Rubio, Tom Cotton, Republican Marco Rubio, Octavio Jones, Cass, Robert Lighthizer, Lighthizer, James Pethokoukis, Pethokoukis, Joe Biden —, Biden, Kahn, Lina Kahn, Lina Khan, Tom Williams Organizations: Republican, U.S, Senate, GOP, Wall Street Journal, Security, African American, Trump coalition, National Labor Relations, American, Conservative Political, Reuters, CNBC, United States Trade, Trump, American Enterprise Institute, Democratic, Big Tech, Biden's Federal Trade Commission, Financial Services, General Government, Federal Trade Commission, Cq, Inc, Getty Locations: Ohio, Cuyahoga Falls , Ohio, America, Washington, Ukraine, Vance ( Ohio, Fla, Mo, Washington . U.S, Orlando , Florida, Biden's, Rayburn

☆ The Rise of a New Centrism
▼ + stars: | 2024-05-20 | by ( David Leonhardt | ) www.nytimes.com time to read: +1 min

Washington, you often hear, is a place so polarized that our leaders barely get anything done. Senator Elizabeth Warren, a progressive leader, has worked on legislation with several conservative Senate Republicans, including Josh Hawley and J.D. My editors recently asked me to make sense of this conundrum: A polarized country in which bipartisanship has somehow become normal. To do so, I spoke with Congress members from both parties, as well as Biden administration officials and outside experts. I emerged from the project believing that the U.S. was indeed a polarized country in many ways — but less polarized than people sometimes think.

Persons: Biden —, Donald Trump’s, —, Elizabeth Warren, Josh Hawley, J.D, Vance, Lina Khan —, Biden, ” Biden, bipartisanship Organizations: Democrats, Republican, Republicans, Federal Trade Commission Locations: U.S

☆ Houston could be without power for weeks after hurricane-force storms smash through
▼ + stars: | 2024-05-17 | by ( Paul Squire | ) www.businessinsider.com time to read: +1 min

At least 4 people are dead and almost 1 million are without power. AdvertisementA series of powerful thunderstorms packing hurricane-force winds smashed through Houston on Thursday, leaving at least 4 people dead and nearly 1 million without power. And damage to the grid could leave some parts of Texas's largest city without electricity for weeks, one county executive said. Harris County Judge Lina Hidalgo said on Friday that the storm flipped an 18-wheeler and toppled power transmission towers. This story is available exclusively to Business Insider subscribers.

Persons: Houston, —, Lina Hidalgo Organizations: Service, Business Locations: Houston, Texas's, Harris

The storm also battered New Orleans overnight, with severe thunderstorms and flooding possible again Friday, according to the local branch of the National Weather Service. A home is severely damaged by a fallen tree after heavy winds and rains ripped through the region on May 17, 2024 in Houston, Texas. Across Houston, photos and videos on social media showed intense flooding and downed trees, as well as toppled electrical towers and power lines. Another video showed baseball fans leaving the stadium amid the bad weather. Strong winds appeared to have blown off roof panels at a Hyatt Regency Hotel in Houston, a video posted to X showed.

Persons: Melissa Phillips, Ike, Houston Mayor John Whitmire, Logan Riely, Harris, Lina Hidalgo, Hidalgo, Samuel Peña, Whitmire, Greg Abbott, Abbott, Brett Coomer, Jon Shapley Organizations: Hearst Newspapers, Getty, Houston Mayor, National Weather Service, Houston Independent School District, Houston Fire, Texas Gov, Texans, Facebook, Houston Astros, Hyatt Regency Locations: Parkway, West, Cypress, Texas, Houston, Romayor, New Orleans, Houston , Texas, Southeast Texas, Sowden, Houston's Harris County, Fargo Plaza

No deaths or serious injuries have been reported, Harris County Judge Lina Hidalgo told CNN, adding 153 pets have also been rescued during the deluge. Forecast calls for rain Sunday into MondayMost of the weekend’s rain fell over western and central Texas, but there’s a significant chance of heavier rain in the greater Houston area Sunday. An additional 1 to 3 inches of rainfall possible by Monday morning, according to the Houston National Weather Service office. Rainfall today will continue to exacerbate existing river flooding,” warned the Houston weather service office. The weather service listed some of the rainfall totals it collected:Groveton, TX- 23.56”Huntsville, TX- 21.76”Splendora, TX- 21.01”Willis, TX- 20.75”Livingston, TX- 18.42”There is relief on the horizon, however.

Persons: Lina Hidalgo, It’s, ” Hidalgo, “ We’re, Brent Taylor, CNN’s Amara Walker, “, ” Taylor, “ There’s, ‘, I’m, ”, Willis, Hurricane Harvey, Jason Fochtman, ” Emmitt Eldridge, ” Sherri Pegoda, Walker, Greg Abbott Organizations: CNN, Houston Office, Emergency Management, Houston Police, Houston Fire, Houston Public Works Department, Houston National Weather Service, Houston, Panhandle, West Lake Houston, Houston Chronicle, Texas, Gov Locations: South Texas, Harris County , Texas, Houston, Harris, City, Texas, , TX, Huntsville , TX, TX, Willis , TX, Livingston , TX, Gulf, East Texas, Hurricane, Lake Houston, West Lake, Kingwood, Atascocita, Kingwood , Texas, San Jacinto, Walker County, Polk County, Montgomery counties

☆ Evacuations ordered, homes damaged in Texas as rivers surge to Hurricane Harvey levels. And more rain is on the way
▼ + stars: | 2024-05-03 | by ( Mary Gilbert | Joe Sutton | ) edition.cnn.com time to read: +9 min

A total of 1,000 homes are in a mandatory evacuation zone in the county, Polk County Judge Sydney Murphy told CNN. “Due to continuous rainfall across East Texas and rising levels in creeks and rivers, flood levels may increase. Please remain aware of changing flood levels along the Trinity River and ALL low-lying levels. Greg Abbott expanded the storm-related declarations in response to the flooding, according to a news release. The repeated bouts of heavy rainfall soaked soils, making many areas extremely prone to both flash and river flooding.

Persons: Hurricane Harvey, ” Emmitt Eldridge, Eldridge, ”, •, ” Sherri Pegoda, Walker, Pegoda, ” Pegoda, “, Sydney Murphy, Harvey, ” Harris, Lina Hidalgo, Greg Abbott, Hawley –, Bret Hendrickson, Brad Wilson, Hawley, CNN’s Allison Chinchar, Sara Tonks, Ray Sanchez, Andy Rose, Joe Sutton, Paradise Afshar Organizations: CNN, Panhandle, The Coast Guard, Texas Emergency Hospital, Coast Guard, Texas Children’s Hospital, Texas, Gov, San, Harvey, Storm Prediction, Hawley Police, Hawley Independent School, LSM, National Weather Service Locations: Texas, Houston, Gulf, East Texas, Hurricane, South Texas, San Jacinto County, Dallas, • Walker County, Walker County, • Polk County, Polk County, • Harris, San Jacinto, Hidalgo, Harris County, Crosby, Liberty County, Cleveland , Texas, Montgomery County, Livingston , Texas, Trinity, –, Abilene, Hodges, Hawley, Hawley , Texas, Hodges , Texas, Louisiana, Groveton , Texas, Paradise

☆ FTC accuses ex-Pioneer CEO of colluding with OPEC, blocks him from Exxon board seat
▼ + stars: | 2024-05-02 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

The FTC filed a complaint alleging that Scott Sheffield attempted to collude with representatives of OPEC to reduce oil and gas output to increase prices at the pump and inflate Pioneer's profits. "The FTC has a responsibility to refer potentially criminal behavior and takes that obligation very seriously," spokesman Doug Farrar told CNBC. In response, Exxon agreed to keep Sheffield off its board, the oil major said in a statement Thursday. The FTC alleged that Sheffield repeatedly held private conversations with high-ranking OPEC representatives to assure them that Pioneer and its competitors in the Permian Basin were working to keep oil output artificially low. "Notwithstanding, Pioneer and Mr. Sheffield are not taking any steps to prevent the merger from closing," the company said in the statement.

Persons: Scott Sheffield, Doug Farrar, Exxon, Sheffield, Sheffield's, Lina Khan, — CNBC's Pippa Stevens, Mary Catherine Wellons, Lina Khan's Organizations: Federal Trade Commission, Natural Resources, OPEC, Exxon Mobil, Pioneer, FTC, Justice Department, Wall Street, CNBC, Exxon, Sheffield

☆ ‘Smartphones on Wheels’ Draw Attention From Regulators
▼ + stars: | 2024-04-30 | by ( Kashmir Hill | ) www.nytimes.com time to read: +1 min

In the American imagination, car keys and a driver’s license have long represented freedom, autonomy and privacy. But modern cars, which have hundreds of sensors, cameras and internet connectivity, are now potential spying machines acting in ways drivers do not completely understand. The senators, both Democrats, say this sharing can “seriously threaten Americans’ privacy” by revealing their visits to protests, health clinics, places of worship, support groups or other sensitive places. “As far-right politicians escalate their war on women, I’m especially concerned about cars revealing people who cross state lines to obtain an abortion,” Senator Wyden said in a statement. Government attention to the car industry is intensifying, experts say, because of the increased technological sophistication of modern cars.

Persons: Ron Wyden, Edward J, Markey, Lina Khan, Wyden Organizations: Oregon, Massachusetts, Federal Trade Commission

☆ FTC challenges 'junk' patents held by 10 drugmakers, including for Novo Nordisk's Ozempic
▼ + stars: | 2024-04-30 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +2 min

The Federal Trade Commission on Tuesday said it is challenging hundreds of alleged "junk" patents held by pharmaceutical companies for 20 brand-name drugs, including Novo Nordisk's blockbuster drugs Ozempic, Saxenda and Victoza. The FTC issued letters to 10 companies, warning them that certain drug patents were improperly listed. Many of the drug patents are for Type 2 diabetes, along with asthma and inhalers for chronic obstructive pulmonary disease, or COPD. Generic drugmakers can only launch cheaper versions of a branded drug if the patents have expired or are successfully challenged in court. The FTC first challenged dozens of branded drug patents last fall, leading three drugmakers to comply and delist their patents with the FDA.

Persons: Novo, Boehringer, Lina Khan, Biden, drugmakers, Joe Biden's Organizations: Federal Trade Commission, FTC, Novo Nordisk, AstraZeneca, Covis Pharma, GlaxoSmithKline, Novartis, Teva Pharmaceuticals, Amphastar Pharmaceuticals, Food and Drug Administration, FDA Locations: U.S

☆ Williams-Sonoma to pay $3.1 million after FTC sued it, saying it falsely labeled products as 'Made in USA'
▼ + stars: | 2024-04-28 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +4 min

Williams-Sonoma must pay $3.1 million after the FTC sued it over a violation. AdvertisementWilliams-Sonoma will pay $3.1 million after settling with the US government over accusations of falsely labeling products manufactured in foreign countries as "Made in USA." A July 2021 FTC press release notes that the order was implemented to discourage fraud. AdvertisementCourt documents attached to the press release showed that Williams-Sonoma admitted the allegations brought forward in the complaint were true. AdvertisementWilliams-Sonoma has also agreed to stop using "deceptive claims and follow Made in USA requirements," the press release said.

Persons: Williams, Lina M, Khan, —, Sean Zanni, Scott Olson Organizations: FTC, Service, Federal Trade Commission, US Department of Justice, DOJ, Williams, Sonoma, Business Locations: Sonoma, United States, USA, Williams, America, China

☆ FTC is sued by business groups over its ban on noncompete agreements, which may delay enforcement
▼ + stars: | 2024-04-25 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +4 min

Another lawsuit was filed in federal court in the Northern District of Texas by business tax services firm Ryan. “The FTC contends that by using regulation they can simply declare common business practices to be ‘unfair methods of competition’ and thus illegal. “If the FTC can regulate noncompete agreements, then they can decide to regulate or even ban any other business practice. Long delays may be on tap before the rule takes effectThe FTC rule isn’t set to go into effect until 120 days from the day it is published in the Federal Register. In the near term, “I’m generally telling clients to take a wait-and-see approach with respect to the FTC rule while court challenges play out in the next few weeks,” Turinsky said.

Persons: Ryan, ”, Daniel Turinsky, DLA Piper, Lina Khan, Jake Tapper ”, isn’t, —, ” Turinsky, James Witz, ” Witz Organizations: New, New York CNN, Federal Trade Commission, US Chamber of Commerce, Business, Eastern District of Texas, Northern District of, US Chamber, FTC, Chamber, Longview Chamber, Commerce, Federal Locations: New York, United States, Eastern District, Northern District, Northern District of Texas, Longview, Longview , Texas, Texas, Littler

☆ FTC Chair Lina Khan: Eliminating noncompetes will boost innovation and new business creation
▼ + stars: | 2024-04-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFTC Chair Lina Khan: Eliminating noncompetes will boost innovation and new business creationFTC Chair Lina Khan joins 'Squawk Box' to discuss the agency's decision to ban noncompete clauses for U.S. workers, lawsuits by the U.S. Chamber of Commerce and other business groups challenging the new rules, impact of the ban on businesses and workers, limitations of the noncompete ban, and more.

Persons: Lina Khan Organizations: U.S . Chamber of Commerce

☆ The FTC is fighting for your right to job-hop
▼ + stars: | 2024-04-24 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe FTC wants to give Americans the freedom to job-hop without pesky noncompete contracts getting in the way. The Federal Trade Commission voted 3-2 on Tuesday to approve a nationwide ban on noncompete agreements, the agency announced in a press release. The move could help American workers make $300 billion more a year, the FTC has previously said. Companies can keep existing contracts for some senior executives, but that will only affect about 0.75% of workers, the FTC said.

Persons: —, pesky noncompete, Evan Starr, Lina M, Khan, Suzanne P, Clark Organizations: Service, Federal Trade Commission, FTC, Business, Employers, University of Maryland, New York Times, US, of Commerce, Commerce's, National Labor Relations Locations: California , Massachusetts, Illinois

☆ U.S. Chamber of Commerce, business groups sue FTC over ban on noncompete clauses
▼ + stars: | 2024-04-24 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

The U.S. Chamber of Commerce and several other business groups on Wednesday sued the Federal Trade Commission in Texas federal court over the commission's vote to ban noncompete clauses, which are used to block employees from leaving to work for competitors in the same industry. On Tuesday, the FTC voted to enact the ban on the basis that noncompete clauses stifle the efficiency of the labor market, hinder competition and can lead to higher prices for consumers. The business groups claimed that the FTC's ban, "breaks with centuries of state and federal law." In addition to the Chamber of Commerce, the Business Roundtable, Texas Association of Business and Longview Chamber of Commerce are all plaintiffs in the suit. The FTC suggested that instead of relying on noncompete clauses, companies should look to other safeguards of information, like nondisclosure agreements.

Persons: Lina Khan, Douglas Farrar Organizations: House Energy, Commerce, U.S . Chamber of Commerce, Wednesday, Federal Trade Commission, Federal, U.S . Chamber, Eastern District of Texas, Chamber of Commerce, Business Roundtable, Texas Association of Business, Longview Chamber, FTC, CNBC Locations: Texas, Eastern District

☆ F.T.C. Issues Ban on Worker Noncompete Clauses
▼ + stars: | 2024-04-23 | by ( J. Edward Moreno | More About J. Edward Moreno | ) www.nytimes.com time to read: +1 min

The Federal Trade Commission on Tuesday banned employers from limiting their workers’ abilities to work for rivals, a sweeping change that the agency says could help raise wages and increase competition among businesses. The move bars contracts known as noncompetes, which prevent workers from leaving for a competitor for a certain amount of time, in most circumstances. The agency has said the proposal would raise wages by forcing companies to compete harder for talent. The proposal was approved by the agency in a 3-to-2 vote. She estimated the decision would lead to 8,500 new start-ups created in a year.

Persons: Melissa Holyoak, Andrew N, Ferguson, ’, Lina M, Khan Organizations: Federal Trade Commission

☆ FTC votes to ban noncompete clauses that bar employees from working for competitors
▼ + stars: | 2024-04-23 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

Federal Trade Commission Chair Lina Khan testifies before a House Judiciary Committee hearing on Oversight of the Federal Trade Commission, on Capitol Hill in Washington, D.C., July 13, 2023. The Federal Trade Commission on Tuesday voted 3-2 for a nationwide ban against noncompete agreements, which companies use to prevent employees from taking jobs with competitors in the same industry. The FTC estimates that 30 million American workers, or roughly 18%, are currently subject to a noncompete. The FTC initially proposed the noncompete ban in January 2023. Meanwhile, business trade groups claim that noncompetes help preserve intellectual property and company secrets.

Persons: Lina Khan, Joe Biden, Joe Biden's, Biden Organizations: Federal Trade, Federal Trade Commission, Capitol, Washington , D.C, Federal, U.S . Chamber of Commerce, Workers, FTC, Department, DOJ Locations: Washington ,, U.S

The Federal Trade Commission on Monday sued to block Tapestry’s $8.5 billion acquisition of Capri, a blockbuster fashion tie-up that would bring together Coach, Kate Spade, Michael Kors and Versace. The lawsuit is a rare move by the agency to block a fashion deal, given that the industry does not suffer from a lack of competition. In her time as the chair of the F.T.C., Lina Khan has prioritized taking on the power of big business in suits across industries. The agency has moved to block the supermarket merger between Kroger and Albertsons; Meta’s acquisition of the virtual reality start-up Within; and Microsoft’s bid for the gaming giant Activision. failed to block Microsoft’s deal and Meta’s acquisition, both of which closed last year.

Persons: Kate Spade, Michael Kors, Versace, Lina Khan, ” Henry Liu, ” Organizations: Federal Trade Commission, Kroger, Albertsons, Activision, “, Competition Locations: Capri, ’

☆ There's a conservative 'great migration' from blue states — and one place is the big winner
▼ + stars: | 2024-04-18 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +5 min

Conservatives are fleeing blue states in favor of red states. Conservatives are fed up with the cost of living, and the politics, in blue states. AdvertisementConservatives are flocking en masse from blue states to one Republican stronghold in particular: South Carolina. Chabot said blue states need to take a page out of red states' playbook. "And so if these blue states want to get better, then they need to look at what red states are doing to retain their populations and their businesses."

Persons: —, Paul Chabot, he's, Chabot, Brad Liles, homebuyers, Zillow, Washington state's, It's, Lina Brock Organizations: Service, Republican, Wall Street, The State, New York Times, Washington, Times, Furman University, Forbes, Census Bureau Locations: Carolina, South Carolina, North Carolina , Georgia, New York , California, Florida, Virginia , Pennsylvania, Texas , New Jersey, Maryland, Texas, California, Washington, Oregon, Democratic, Spartanburg, Greenville , South Carolina, United States, Greenville, Black, —

☆ Republican House panel launches probe into Biden's FTC-DOJ task force on corporate pricing
▼ + stars: | 2024-04-16 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

"The timing of the Strike Force announcement, in an election year, raises the likelihood that political motivations rather than the interests of American consumers drove the action," House Oversight Committee Chair Rep. James Comer, R-Ky., said in the letter. The Strike Force is jointly led by the FTC and the Department of Justice, which have been at the front lines of the Biden administration's regulatory agenda over the past several years. Comer alleged in the letter that "this pattern" of blaming corporate-pricing practices for inflation "signals that the new FTC-DOJ Strike Force will be used as a political tool." But Biden's logic that companies are the ones responsible for high prices, not his economic agenda, could be taking hold with voters. A March survey found that respondents blamed recent price hikes on "large corporations taking advantage of inflation" more than Democratic policies.

Persons: Lina M, Khan, Bill Nelson, Joe Biden's, Lina Khan, Biden, James Comer, Jonathan Kanter, Comer, —, Biden's Organizations: Commerce, Science, NASA, Capitol, Republican, CNBC, Federal Trade, Strike Force, Force, U.S, FTC, Department of Justice, Biden, Kroger, Albertsons, DOJ Strike Force, Democratic Locations: Washington , U.S, Ky

☆ Jon Stewart takes aim at Sam, Satya and Sundar for 'false promises' on AI and jobs
▼ + stars: | 2024-04-03 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Jon Stewart is taking aim at tech bros over their "false promises" about AI and work. "The Daily Show" host blasted AI as labor-replacing, calling it a threat to jobs. Stewart also mocked the suggestion AI was creating new jobs like prompt engineers. AdvertisementJon Stewart is taking aim at tech bros over their "false promises" about AI and work. "The Daily Show" host mocked some of Silicon Valley's most influential AI leaders on Monday's episode, sharing clips of OpenAI's Sam Altman, Microsoft's Satya Nadella, and Google CEO Sundar Pichai among others.

Persons: Jon Stewart, Stewart, —, OpenAI's Sam Altman, Microsoft's Satya Nadella, Sundar Pichai, he'd, Lina Khan, Apple Organizations: bros, Service, Apple, Federal Trade, CBS, Business

☆ Jon Stewart says Apple asked him not to let FTC chair Lina Khan appear on his Apple podcast
▼ + stars: | 2024-04-02 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

Jon Stewart says Apple once asked him not to have FTC Chair Lina Khan on an Apple podcast. He said he wanted to talk to Khan about AI on a podcast linked to "The Problem with Jon Stewart." AdvertisementJon Stewart says Apple once asked him not to have Federal Trade Commission Chair Lina Khan appear on a podcast linked to his Apple TV+ show. Stewart told Khan he had previously tried to have her appear on the podcast linked to "The Problem with Jon Stewart" to discuss AI, but Apple essentially blocked the move. FTC chair Lina Khan.

Persons: Jon Stewart, Apple, Lina Khan, —, Stewart, Khan, Graeme Jennings Organizations: Apple, Department of Justice, Service, Federal Trade, Amazon, CBS, DoJ, Business

☆ Indonesian president-elect is signaling 'balanced' approach to regional security, analyst says
▼ + stars: | 2024-04-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIndonesian president-elect is signaling 'balanced' approach to regional security, analyst saysLina Alexandra of the Department of International Relations at CSIS discusses the implications of Indonesian President-elect Prabowo Subianto's meeting with Chinese leader Xi Jinping in Beijing on Monday.

Persons: Lina Alexandra, Prabowo Subianto's, Xi Jinping Organizations: Department of International Relations, CSIS Locations: Beijing

☆ Jon Stewart rips into Apple, his old boss, on The Daily Show
▼ + stars: | 2024-04-02 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Jon Stewart on “The Daily Show” Monday revealed what led to his abrupt exit from Apple and the cancellation of his short-lived show on its streaming TV platform. Stewart said that the tech giant prohibited from discussing artificial intelligence or interviewing Federal Trade Commission chair Lina Khan. Stewart and Khan discussed Big Tech monopolies, after the US Justice Department and more than a dozen states sued Apple last week in a blockbuster antitrust lawsuit that accused Apple of illegally monopolizing the smartphone market. Stewart said he had his own issues with Apple, telling Khan that he wanted to have her on the TV show’s companion podcast and “Apple asked us not do it.”“They literally said ‘please don’t talk to her,’” Stewart said. “The Problem with Jon Stewart” ran for two seasons from 2021 to 2023 on Apple TV+.

Persons: Jon Stewart, Stewart, Lina Khan, Khan, Apple, “ Apple, ”, ’ ” Stewart, “, Jon Stewart ”, Trevor Noah Organizations: New, New York CNN, Apple, Federal Trade Commission, Comedy, Big Tech, US Justice Department, FTC, Amazon, Justice Department, Caesars Entertainment, CNN Locations: New York, China, Israel

☆ Jon Stewart says Apple asked him not to interview FTC Chair Lina Khan
▼ + stars: | 2024-04-02 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +1 min

Comedian Jon Stewart said Apple asked him not to interview Federal Trade Commission Chair Lina Khan on a podcast while he was hosting his Apple TV+ show "The Problem With Jon Stewart." "I gotta tell you, I wanted to have you on a podcast, and Apple asked us not to do it, to have you," Stewart told Khan during an episode of "The Daily Show" on Monday. Stewart asked Khan why the company might be "afraid" to have certain conversations out in public. Stewart's comments came nearly two weeks after the Department of Justice sued Apple in a landmark antitrust case. The FTC under Khan has taken similar action against other major tech companies.

Persons: Jon Stewart, Apple, Lina Khan, Stewart, Khan Organizations: Federal Trade, Apple, Department of Justice, DOJ, Apple Watch, FTC, Google, Amazon, Meta, The New York Times Locations: China

A significant chunk of that money was strategic, in that it came from tech companies rather than venture capitalists or other institutions. The company has refocused much of its product development on generative AI, and its newly rebranded Gemini model, adding features into search, documents, maps and elsewhere. Alphabet and Nvidia are also investors in Runway ML, a generative AI company known for its video-editing and visual effects tools. Microsoft has invested in many of the techniques underpinning generative AI through its Microsoft Research division. Apple researchers recently published details of their work on MM1, a family of small AI models that can take both text and visual input.

Persons: Satya Nadella, Sam Altman, Justin Sullivan, Claude, Fred Havemeyer, Havemeyer, that's, Anthropic, Gemini Ai, Michael M, It's, Amy Hood, dealmaking Daniel Newman, Mustafa Suleyman, Newman, Lina Khan Organizations: Getty, Getty Images Tech, aren't, GPT, Microsoft, Meta, Apple, Nvidia, Google, Web Services, Amazon, Santiago, AMD, Runway ML, Mistral, Big Tech, Microsoft Research, Baidu, Futurum, Anthropic, Federal Trade Commission Locations: San Francisco, Macquarie, Anthropic, New York City, Mistral, U.S, China

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